Showing posts with label brexit concern. Show all posts
Showing posts with label brexit concern. Show all posts

Monday, 20 June 2016

European stocks surge in risk-on trade, financials lead; Dax up 2.95%

 European stocks surged on Monday, as concerns over a potential British exit from the European Union, or Brexit, eased and as rising oil prices lent support to the energy sector.

During European morning trade, the EURO STOXX 50 soared 3.14%, France’s CAC 40 -rallied 2.76%, while Germany’s DAX 30 surged 2.95%.

Brexit concerns subsided after two opinion polls published on Saturday showed that support for the 'Remain' campaign had regained its lead over a vote to leave, while a third showed momentum shifting in favor of a vote to remain in the 28 member bloc.


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